Kennametal Inc. (NYSE:KMT) Holdings Raised by Aquatic Capital Management LLC

Aquatic Capital Management LLC lifted its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,285 shares of the industrial products company's stock after purchasing an additional 22,785 shares during the quarter. Aquatic Capital Management LLC owned about 0.09% of Kennametal worth $1,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Kennametal during the third quarter worth about $30,000. Blue Trust Inc. increased its position in Kennametal by 120.9% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock worth $34,000 after purchasing an additional 716 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Kennametal by 45.9% in the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company's stock valued at $35,000 after buying an additional 459 shares during the period. Headlands Technologies LLC boosted its stake in shares of Kennametal by 214.2% in the fourth quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company's stock valued at $51,000 after buying an additional 1,444 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Kennametal by 801.8% during the fourth quarter. Sterling Capital Management LLC now owns 2,453 shares of the industrial products company's stock worth $59,000 after buying an additional 2,181 shares in the last quarter.

Kennametal Trading Up 3.3 %

Shares of NYSE:KMT traded up $0.64 during trading on Friday, reaching $20.17. 490,268 shares of the stock were exchanged, compared to its average volume of 866,256. Kennametal Inc. has a 12-month low of $17.30 and a 12-month high of $32.18. The firm's 50-day moving average price is $20.41 and its 200 day moving average price is $23.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 2.53. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 3.69 and a beta of 1.39.

Kennametal (NYSE:KMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Kennametal had a return on equity of 8.12% and a net margin of 4.76%. On average, sell-side analysts anticipate that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Tuesday, May 13th. Kennametal's payout ratio is 65.57%.

Insider Buying and Selling

In related news, CEO Sanjay Chowbey acquired 10,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was bought at an average cost of $21.75 per share, with a total value of $217,500.00. Following the acquisition, the chief executive officer now directly owns 77,595 shares in the company, valued at approximately $1,687,691.25. The trade was a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.41% of the company's stock.

Analysts Set New Price Targets

KMT has been the subject of several research reports. Morgan Stanley cut their price target on Kennametal from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. StockNews.com raised shares of Kennametal from a "hold" rating to a "buy" rating in a research report on Monday, April 28th. Finally, Barclays dropped their price target on shares of Kennametal from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Kennametal currently has an average rating of "Hold" and an average price target of $25.20.

About Kennametal

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.